04.06.2025 17:21
As part of the investigation conducted by the Istanbul Chief Public Prosecutor's Office, an operation was carried out against Papara for "illegal betting." Fenerbahçe Club mutually terminated its contract with the company that was appointed as a trustee.
Fenerbahçe announced that it has terminated its sponsorship agreement with Papara, which was appointed as a trustee within the scope of the illegal betting operation.
In a statement made by Fenerbahçe to KAP, it was stated, "The sponsorship collaboration between Fenerbahçe Sports Club and our other subsidiaries with the financial technology company Papara has been mutually agreed upon and terminated as a result of the discussions held."
"AGREEMENT TERMINATED"
From the yellow-navy blue club, the statement titled "For the information of the public" is as follows: "The sponsorship collaboration between Fenerbahçe Sports Club and our other subsidiaries with the financial technology company Papara has been mutually agreed upon and terminated as a result of the discussions held. We respectfully present this information to the public."
PAPARA HAD SPONSORED BEŞİKTAŞ, FENERBAHÇE, AND TRABZONSPOR
Since its establishment in 2016, Papara has made a name for itself in Turkey with various sponsorships in the fields of sports, entertainment, and technology. In the 2024-2025 season, Papara became the sleeve sponsor of the Fenerbahçe Petrol Ofisi Women's Football Team and took on the chest sponsorship of Trabzonspor, acquiring the naming rights of the stadium where the burgundy-blue team plays its matches. Additionally, it has been involved in sponsorship agreements in various branches of Beşiktaş. After the illegal betting operation, Papara's sponsorships became a topic of discussion on social media.